Senate Republicans propose plan to pay for payroll tax cut
November 30th, 2011
07:25 PM ET
2 years ago

Senate Republicans propose plan to pay for payroll tax cut

Washington (CNN) - In an effort to offset the cost of extending the current payroll tax cut for one year, Senate Republicans on Wednesday proposed freezing federal salaries, reducing the federal work force and keeping millionaires from getting food stamps and unemployment benefits.

The proposal would raise the $120 billion to cover the payroll tax and would bring in an additional $111 billion Republicans say would be used to pay down the nation's debt.
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Filed under: Congress • Republicans • Senate • Taxes